ONDC : Open Network for Digital Commerce | Vibhas Jha Sir | NEXT IAS UPSC

Learn about the various aspects of ONDC - Open Network for Digital Commerce in this Economy Booster by Vibhas Jha Sir.

ONDC is an open technology network based on an open protocol.
It is a not-for-profit organization that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications.
It is neither an aggregator application nor a hosting platform, and all existing digital commerce applications and platforms can voluntarily choose to adopt and be a part of the ONDC network.

AIM
To enable consumers to buy products from all participating e-commerce platforms through a single platform.
Under ONDC, it is envisaged that a buyer registered on one participating e-commerce site (for example, Amazon) may purchase goods from a seller on another participating e-commerce site (for example, Flipkart).
The platform will allow buyers and sellers to connect and transact with each other online, regardless of what other applications they use.

ONDC MODEL
To replicate the success of the Unified Payments Interface (UPI) in the field of digital payments.
The open network concept also extends beyond the retail sector, to any digital commerce domains including wholesale, mobility, food delivery, logistics, travel, urban services, etc.

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[luckychauhan]

Sir plsss a video on Balance of payment

[chemistryforyou]

Thank you so n so much sir n next ias family ❤❤❤🎉🎉🎉